Why Financial Education?

it is a sad fact today that most people starting with students are financially illiterate.

Here are some sobering facts:

• The average score on a freshman “financial literacy exam” was 59%, according to the JumpStart Coalition.
• The average student has roughly $23,000 in student loans, $4,000 in credit card debt and four credit cards.
• An average of 7% percent of graduates default on their student loans within the first few years.

Here’s what students are begging to understand:

• 84% say they need more education on financial management, according to Sallie Mae.
• 62% say their knowledge of credit reports is either fair or poor, according to the Consumer Federation of America.
• 60% have only a vague understanding of their debt, according to The Free Library.com.

So what can we – as parents, activists and educators do?

For More: Why Financial Education?
Thank You,

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About Ziad K Abdelnour

Ziad K. Abdelnour is President & CEO of Blackhawk Partners, Inc., a New York based private equity ”family office” that focuses on originating, structuring, advising and acting as equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations, buildups, and growth capital financing's in companies and projects based both in the US and emerging markets.